GC - Gold Bugs under pressure

14 thg 11, 2016

Here we have a clear zoom through the centerline.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.

Keep in mind that the two grey lines are a potential support...I would not ignore this.

Waiting for a pullback and see what's going on.

18 thg 11, 2016

Ghi chú

The short was initiated at the pullback.
Here we are at the critical level of support from the prior highs.
If we manage to close below the lower horizontal support line, then I see price down at the L-MLH, around 1140 or lower.

23 thg 11, 2016

Ghi chú

...and the drag continues - what a burden this must be for the long-bugs.

5 thg 12, 2016

Ghi chú

L-MLH is target:

16 thg 12, 2016

Ghi chú

Target L-MLH reached.
Now a pullback to the upside.

31 thg 12, 2016

Ghi chú

So far kind of a texbook reversal at the L-MLH...

Happy 2017!

31 thg 12, 2016

Ghi chú

6 thg 1, 2017

Ghi chú

Run Forest run! :)